IOI Properties FY21 revenue rises 18%

IOI Properties chief executive officer Datuk Voon Tin Yow (pic) said the group had achieved sales of RM2.3bil, surpassing its sales target of RM2bil for FY21.

PETALING JAYA: IOI Properties Group Bhd recorded a net profit of RM660.20mil for the financial year ended June 30, 2021 (FY21) from RM504.69mil in the previous year.

Revenue increased 18% to RM2.48bil from RM2.11bil previously, mainly due to the better sales performance from its Malaysian operations, driven by dynamic sales and marketing campaigns.